At their respective monetary policy conferences this week, central banks in Australia and Unusual Zealand remained rather comfortably on preserve. Economists at Wells Fargo analyze AUD and NZD outlook.
Uk news Low for AUD/USD spherical 0.61, NZD/USD spherical 0.57 by close Q1-2024
Against a backdrop of total resilient US activity and greater US yields, we ogle an on-preserve RBA and RBNZ as per some extra Australian and Unusual Zealand Buck downside in the months ahead.
We target a low for AUD/USD spherical 0.6100, and a low for NZD/USD spherical 0.5700, by the close of Q1-2024.
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